Surrounding submarket Area
Smithfield, Rhode Island is a part of the Providence Submarket submarket area, and contains zip code 2917.
Smithfield Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Smithfield, RI submarket area was $1,667, which is 11.06% higher than 2014 average rent. This represents a compounded annual growth rate of 2.12%. 2019 vacancy in Smithfield, RI was 4.20%.
The total population of the city of Smithfield, RI has grown 1.35% since 2010. As of 2018, the population was 21,719. The median household income of the Smithfield was $82,347, which is 36.58% higher than the national average.
- submarket area Providence Submarket
- avg rent $1,667
- rent growth 11.06%
- vacancy 4.20%
- median income $82,347
- population (2018) 21,719
- population growth 1.35%
- vs. nat'l avg 36.58%
- zip code 2917